Exam 11: Competitive Strategy

A research firm creates a graph to represent how companies compete with each other.The X-axis represents the competitive offerings and Y-axis represents performance.Which of the following is does the graph represent?

What are the principles that strengthen a company's ability to compete?

Laser Tech., a leading printing firm, launches a new printing technique to meet the changing demands of the market.Blue Corp., its prime competitor, had been rigid in adapting to the changes in the market and is put out of business because of the launch of the new technique by Laser.Which of the following is exemplified in this case?

Briefly describe the game theory.

A successful chain of restaurants is successful in securing the most advantageous geographic positions.This effectively bars competition.Which of the following is exemplified in this case?

Gia Inc., a healthcare company, aims to create a competitor response profile.It has identified its objectives and assumptions.The next step is to _____.

Plateus Inc., a food manufacturing company, has brand equity worth a billion dollars that has been accomplished through consistent delivery of quality products and long-term advertising.These strategies make entering the industry a formidable task for any other firm.Which of the following is exemplified in this case?

Most companies are in competition with their rivals each and every day, month, or year with no certain end date.This is an example of _____.

Any factor that limits the ability of a company to move between strategic groups is called a(n) _____.

A restaurant chain serves common dishes that are also available in other restaurants.As it does not offer any unique dishes, it introduces other options to customize the products such as the choice of cheese, bread, and spices.It also promises a short waiting time for take-away and free home deliveries.In this case, the restaurant chain is _____.

Ryan, a researcher, wants to indicate whether companies in one group appeal to the primary markets of another group.Which of the following is likely to help Ryan in his research?

A research institute plans to build a competitor response profile for a study.Which of the following is the first step to build such a profile?

Alex, the CEO of a manufacturing company, is asked by the board if he will consider switching strategic groups.However, Alex thinks it might not be advisable.Which of the following statements strengthens Alex's belief?

A simple game has two players; each player has two choices.Assume that the players make their moves at the same time and they only play the game once.Which of the following is exemplified in this case?

Walden Inc., a well-established finance company, hires the most valuable scientists and experts.Hence, start-ups and other small businesses find it difficult to compete with Walden.Which of the following is exemplified in this case?

A _____ profile identifies characteristics of a competitor in order to assess how it might respond in the face of rival actions.

Fuchsia Inc., a cosmetics manufacturer, decides to change how it competes in the market.With this objective in mind, it decides to target a different market segment with its existing set of products.However, Fuchsia takes a long time to reconfigure its activities and systems to meet these changes.Which of the following is being exemplified in this case?

Write a note on strategic groups and mobility barriers.

A set of companies that compete in similar ways with similar business models pursuing similar sets of customers is called a _____.

An insurance firm decides to recognize its resources and capabilities.It observes that a few resources and capabilities deliver unique value, but others are subjected to easy imitation.In this case, the organization is _____.